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The Cabinet Member for Property, Waste and
Infrastructure:

1.   
Formally declared the asset surplus to
operational requirements (in consultation with The Leader and
Deputy Leader).

2.   
Approved the sale of 26 St Martins Close,
East Horsley, Leatherhead, KT24 6SU to the party, at the price and
subject to the conditions, noted in the part 2 report. The sale was
conditional upon the simultaneous surrender of the headlease held
over the asset by HGR which had been agreed by the HGR
Board.

3.   
Approved the HGR premium for the
surrender of its interest from the gross receipt and noted there
was debt aligned to this asset, with both parties bearing their own
costs and appointments of their own professional team.

4.   
Delegated authority to the Deputy Chief
Executive, Executive Director of Resources and Section 151 Officer
in consultation with the Director of Land and Property to finalise
the transaction and enter into all associated legal
agreements.